Cetera Investment Advisers Increases Stock Holdings in LXP Industrial Trust (NYSE:LXP)

Cetera Investment Advisers lifted its stake in shares of LXP Industrial Trust (NYSE:LXP) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,066 shares of the real estate investment trust’s stock after buying an additional 4,057 shares during the quarter. Cetera Investment Advisers’ holdings in LXP Industrial Trust were worth $244,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC increased its holdings in shares of LXP Industrial Trust by 805.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,159 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 8,147 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of LXP Industrial Trust in the 4th quarter valued at approximately $80,000. Townsquare Capital LLC acquired a new position in LXP Industrial Trust during the 4th quarter valued at approximately $82,000. Proficio Capital Partners LLC acquired a new position in LXP Industrial Trust during the 4th quarter valued at approximately $83,000. Finally, Two Sigma Securities LLC acquired a new position in LXP Industrial Trust during the 4th quarter valued at approximately $90,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

LXP Industrial Trust Stock Up 0.2%

NYSE:LXP opened at $8.59 on Friday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 66.08 and a beta of 1.02. LXP Industrial Trust has a 1-year low of $6.85 and a 1-year high of $10.57. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $8.08 and its 200 day moving average price is $8.47.

LXP Industrial Trust (NYSE:LXP) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The firm had revenue of $87.89 million for the quarter, compared to the consensus estimate of $84.72 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.54 annualized dividend and a dividend yield of 6.29%. LXP Industrial Trust’s dividend payout ratio is presently 270.00%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. KeyCorp reduced their price target on LXP Industrial Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. JMP Securities reissued a “market perform” rating on shares of LXP Industrial Trust in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

LXP Industrial Trust Company Profile

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.